Student & Personal Loan Relief

Settle Your KrazyBee / KreditBee Loan Without Harassment

Stop calls to parents and friends. Settle your student or personal loan legally and clear your name.

Trapped in a KrazyBee / KreditBee Loan?

KrazyBee Services Pvt. Ltd. is a well-known NBFC that primarily lends through the popular KreditBee app. They target students, young professionals, and first-time borrowers with small-ticket loans. While the money comes easy, the repayment terms can be harsh. High processing fees, short tenures, and aggressive recovery tactics often trap young borrowers in a cycle of debt.

If you are a student who can't pay back due to lack of pocket money, or a professional who lost their job, you might be facing threats of calls to your parents, college, or workplace. This is illegal.

At AMA Legal Solutions, we protect young borrowers. We intervene to stop the harassment and negotiate a One Time Settlement (OTS) with KrazyBee, allowing you to close the loan for a fair amount and move on with your career.

The KreditBee Connection

Many borrowers are confused: "I took a loan from KreditBee, why is KrazyBee sending me notices?"

  • The App vs. The Lender: KreditBee is just the app (the platform). KrazyBee is the RBI-registered lender that actually gave you the money.
  • Legal Liability: Your loan agreement is with KrazyBee. Any legal notice or CIBIL reporting comes from them.
  • Recovery Tactics: They use digital recovery agents who often cross the line. We know how to handle them.

Common Loan Types

Student Loans

Small amounts for college expenses. Often defaulted due to lack of income.

Salaried Loans

Larger amounts for professionals. Default usually due to job loss.

E-Voucher Loans

Loans taken to buy products on Amazon/Flipkart via the app.

What is KrazyBee One Time Settlement (OTS)?

OTS is a legal exit route. KrazyBee agrees to close your loan account for a payment lower than the total outstanding. This is common for unsecured loans where recovery costs are high.

Stop the Meter

Daily late fees can double your loan amount in months. Settlement freezes this growth immediately.

Privacy Protection

Settlement ensures they stop calling your reference contacts, parents, or HR department.

Official Closure

You get a No Dues Certificate (NDC) from KrazyBee, proving the loan is closed and no further claim exists.

Who Can Settle?

Students

If you are still studying and have no income source, or if you graduated but haven't found a job yet.

Unemployed Professionals

If you lost your job or faced a salary delay, making it impossible to pay the EMI.

Gig Workers

Delivery partners, freelancers, or drivers who faced a drop in daily earnings.

Harassment Victims

If the recovery agents have crossed legal lines (abusive language, calling relatives), we use this as a strong ground for settlement.

Our Settlement Process

Profile Analysis

We check if your loan is with KrazyBee or a partner lender.

Legal Shielding

We issue a notice to stop calls to your parents and friends.

Negotiation

We talk to KrazyBee's central team to waive off the huge late fees.

Settlement Letter

We get a formal letter on KrazyBee letterhead confirming the deal.

Closure

You pay the amount, and the loan is closed permanently.

Documents Required

Basic Details

  • PAN Card
  • KreditBee App Profile Screenshot
  • Loan Account Number

Hardship Proofs

  • Student ID Card (if student)
  • Termination Letter (if unemployed)
  • Bank Statement (showing no funds)

Restructuring vs. Settlement

FeatureEMI ExtensionLoan Settlement (OTS)
Total PaymentFull Amount + Extra InterestReduced Amount (40-60% less)
Credit ScoreMaintainedImpacted ("Settled")
Mental PeaceDebt continues for monthsImmediate freedom

CIBIL Score Reality

A "Settled" status will drop your score. But for a student or young professional, having a "Written Off" status is worse. Settlement stops the damage. You can rebuild your score in 1-2 years by using a secured credit card or a small gold loan.

Why Choose AMA Legal Solutions?

Student Friendly

We understand student budgets and offer affordable service fees for student loan cases.

Harassment Protection

We take strict legal action against agents calling your parents or college friends.

Legal Expertise

We deal with KrazyBee's legal team directly, ensuring a proper legal closure of your loan.

Success Stories

"

"I took a ₹10,000 loan in college. It became ₹22,000 with late fees. They were calling my father. AMA Legal stopped the calls and settled it for ₹12,000."

K

Karthik R.

Student, Chennai

"

"I lost my job and couldn't pay my KreditBee EMI. The agents were abusive. AMA Legal handled them professionally and closed my loan."

S

Sneha Gupta

Job Seeker, Pune

Frequently Asked Questions

Common queries about settling loans with KrazyBee / KreditBee

KrazyBee Services Private Limited is the RBI-registered NBFC (Non-Banking Financial Company) that actually lends the money. KreditBee is the mobile app platform that acts as the interface. So, legally, your loan agreement is with KrazyBee, and any settlement must be done with them.
Yes. KrazyBee offers loans to college students. If you are unable to pay due to lack of pocket money, job loss after graduation, or family financial issues, you can settle the loan. We help negotiate a waiver on the high late fees and interest.
Recovery agents often access your contact list (illegally) and threaten to call your parents or friends. This is a violation of RBI guidelines and privacy laws. We issue legal notices to stop this harassment immediately and ensure all communication is routed through us.
Deleting the app does not cancel the loan. Your PAN card is linked to the loan, and KrazyBee will report the default to CIBIL. They will also continue to contact you via SMS, email, and calls. Proper legal settlement is the only way to close the account permanently.
For small-ticket digital loans, the late fees often inflate the amount by 50-100%. We typically negotiate to waive off 100% of the late fees and penal interest. In many cases, we can settle for an amount close to the principal disbursed, depending on the delinquency period.
While they rarely file civil suits for small amounts (e.g., ₹5,000 - ₹20,000), they do use 'Online Arbitration' and send legal notices to intimidate borrowers. Ignoring these can lead to an ex-parte award. We handle these legal aspects to protect you.
Legally, the loan is in your name (linked to your PAN), so you are liable. However, if you are unable to pay, you can still opt for settlement. We can help you close the account to stop the impact on your CIBIL score.
If you settle, the status will change to 'Settled'. While this still impacts your score, it is better than 'Written Off' or 'Willful Default'. It stops the monthly negative reporting, allowing you to start rebuilding your credit score.
Usually, NBFCs prefer a one-time payment for settlement. However, for larger amounts (e.g., personal loans over ₹50,000), we can negotiate a 2-3 month payment plan, though the discount might be slightly lower.
We ensure that the settlement letter comes from an official email domain (e.g., @krazybee.com or @kreditbee.in). We verify the terms to ensure there are no hidden clauses before you make any payment.
The KreditBee Card acts like a credit line. If you have utilized this limit and defaulted, it is treated as an unsecured loan. We can settle this debt just like a personal loan, aiming for a significant waiver on the accumulated charges.
No. The entire settlement process is digital. We handle the negotiations via email and phone with their central team. You can complete the process from the comfort of your home.
Digital lenders apply daily late fees and penal interest, which compound rapidly. A ₹10,000 loan can become ₹20,000 in just a few months. Settlement freezes this growth and waives off the excess charges.
We can advise you on how to cancel the NACH mandate through your bank to stop bounce charges. However, you must settle the loan to stop the legal consequences of cheque/NACH bounce (Section 25/138).
Since they are a digital-first company, decisions are fast. Once we submit the proposal, we can often get an approval within 10-15 working days.

Ready to Close Your KrazyBee Loan?

Don't let debt ruin your peace of mind. Get expert legal help to settle your KrazyBee loan today.

We Serve All States & Union Territories

Our loan settlement services are available across all states and union territories in India